By Rahul Satija The lingering effects of India’s shadow banking crisis and slowing economy have left companies’ financial health around the worst levels in years, but one gauge shows the prolonged deterioration has at least halted for now. Care Ratings Debt Quality Index, which tracks credit metrics of 1,604 rated firms on a scale of […]
Archives for 2020
China factory closures may leave online retailers’ shelves empty
Illustration: Rahul Awasthi Amazon and Flipkart, the country’s two largest web retailers, are likely to see an impact on overall sales due to the prolonged closure of factories in China on account of the coronavirus outbreak, analysts and industry insiders told ET. A supply crunch in smartphones, televisions, large appliances and consumer electronics, which comprise […]
What to do if your client waited too long to address retirement
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. What to do if your client waited too long to address retirementOlder clients who want to stop procrastinating and start catching up with their retirement goals are advised to get hold of their finances and reduce their spending, according […]
Partner Pages 2020: This goes with that – introducing the app matchers
By Sarah Pilling and Vita Lo Presti, Founding partners, Bramble and Briar, Victoria Welcome to Partner Pages: a magazine made up of stories from the Xero Partner community, for the Xero partner community and shared as part of Roadshow Australia each year. Chartered accountants Sarah Pilling and Vita Lo Presti have made an art out of finding […]
How the right technology can be a game-changer for non-profits
We’re a country of do-gooders here in New Zealand. We ranked third on last year’s World Giving Index and we have 27,800 charities for a population of just under five million. There are around 115,000 organisations in New Zealand’s not-for-profit (NFP) sector. These are a mixture of incorporated and unincorporated organisations, depending on their income, […]
FASB to propose private company expedient for share-based payment accounting – Journal of Accountancy
Accounting for employee share-based compensation could become less complex for private companies after FASB on Wednesday endorsed the decision by the Private Company Council (PCC) to propose a practical expedient for nonpublic entities. Share-based payment accounting has been discussed by the PCC on several occasions since 2013 because of two concerns: The permitted methods for […]
FASB to propose private company expedient for share-based payment accounting
Accounting for employee share-based compensation could become less complex for private companies after FASB on Wednesday endorsed the decision by the Private Company Council (PCC) to propose a practical expedient for nonpublic entities. Share-based payment accounting has been discussed by the PCC on several occasions since 2013 because of two concerns: The permitted methods for […]
Business Rewired: Preparing for turbulent times
According to our Business Rewired report, 2.6 million small business owners in the UK have genuine concerns about the future. They worry about broad business issues like late payments (54%), cyber-attacks (27%) and tax rates (44%). But they also worry about things like Brexit (44%), employee recruitment costs (19%) and increasing levels of productivity (31%) […]
6 Bookkeeping Pains An Outsourced Bookkeeping Service Can Resolve
For many businesses, their bookkeeping causes a lot of pain. However, when handled correctly, there are many pains that proper bookkeeping can remedy. Common reasons that bookkeeping causes pain are: it is intimidating, people don’t like it, and it’s often way behind because it gets pushed to the back burner. It is crucial to keep […]
IRS proposes rules to update income tax withholding, revises Form W-4
The IRS proposed new regulations (REG-132741-17) for withholding on individuals’ wages to reflect the statutory changes in the law known as the Tax Cuts and Jobs Act, P.L. 115-97, including the elimination of the personal exemption. The proposed rules and the new Form W-4, Employee’s Withholding Certificate (formerly titled Employee’s Withholding Allowance Certificate) no longer […]